Listed by Sonny Brown Associates
Undisclosed Rate
7108 Airport Rd
Building Details
Property Type Office
Sub Type Executive Office
Tenancy Single
Lease Type NNN
Class B
Total Building SqFt 6,100
Vacant SqFt 6,100
Total Parking Spaces 39
Year Built 1994
Spaces
Office | Single tenant | 6,100 SqFt
Building description
The building features three large work areas, seven private offices, a conference room, break room, and storage, with 40 parking spaces on over one acre of land. Ideal for engineering firms, logistics companies, defense contractors, and corporate offices, this property presents a rare opportunity in a high-demand commercial area.
Centrally located off of Airport Rd. Minutes from I-10 and 601/54.
Building highlights
- Year Built: 1994
- Zoning: C-4 SC
- Land Size: ±1 AC
- Parking: ±39 spaces
- Building Size: ±6,100 SF
- Ideal Use: Engineering & Design Firms, Logistics & Distribution Companies, Defense & Government Contractors, Aviation & Aerospace Businesses, Corporate Offices & Regional Headquarters
- Length of Term
- The initial term of the lease is 40 years, commencing on May 27, 2022, and ending on May 26, 2062.
- Renewal Options
- The tenant (Lessee) has one (1) renewal option for an additional 10-year term, provided they are not in default.
- Written notice must be provided to the landlord (Lessor) at least one (1) year before the expiration of the initial term.
- Pricing
- Land Rent: $48,000 per year ($4,000 per month), payable in equal monthly installments.
- Price Increases
- Rent adjustments occur every five (5) years based on the Consumer Price Index (CPI-U) for Urban Consumers.
- The increase is based on the CPI-U change from 90 days before the lease's effective date to 90 days before each adjustment date.
- Rent increases are capped at 20% over the previous five-year period.
- In the 41st year, rent adjusts to 8% of the fair market value of the premises and its improvements, but it cannot be less than the previous five-year period's rent.
Listing Contacts
Listed by Sonny Brown Associates
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